IPO

Akme Fintrade India Limited IPO

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Non Banking Financial Company (NBFC)

Listed On: Jun 26, 2024 at ₹ 127.0(NSE)

₹ 15000 /125 Shares

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Price Summary

Last Closing

7.62 (-93.65%)

52 Week High

13.40

52 Week Low

6.42

Last Update

20-Jun-2025 3:30 PM
Akme Fintrade India Limited IPO Details

19 Jun, 2024

Open Date

21 Jun, 2024

Close Date

24 Jun, 2024

Allotment Date

26 Jun, 2024

Listing Date

Issue Price

₹114-120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

127.0(NSE)

Listing Date

2024-06-26

Market Lot

Retail : 125 Shares (₹15,000/-)
S-HNI : 1,750 Shares (₹2,10,000/-)
B-HNI : 8,375 Shares (₹10,05,000/-)

Lead Manager

Gretex Corporate Services Limited

Issue Size

11,000,000 shares(aggregating up to ₹132.00 Cr)

Retail Portion

35% (Number of Retail Applications: 29,504 Approx),
(Number of S-HNI Applications : 301 Approx),
(Number of B-HNI Applications : 602 Approx)

Subscription

54.57 times

IPO Docs

DRHP RHP ANCHOR

Akme Fintrade India Limited IPO Details


Akme Fintrade India Limited IPO is a book-built issue of ₹132 crores, The total issue size is ₹132 crores. The IPO of Akme Fintrade India Limited is priced at ₹114-120 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jun 19, 2024 and ends on Jun 21, 2024. The allotment for Akme Fintrade India Limited IPO will be finalized on Jun 24, 2024. Akme Fintrade India Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 26, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 125 shares, extendable to 15,000. The book-running lead manager for the IPO is/are Gretex Corporate Services Limited.

The total issue ₹132 crore, comprising a fresh issue of 1,10,00,000 shares ₹132 crore and
The Akme Fintrade India Limited IPO sets its price band at 114-120 for each share. A single application for Akme Fintrade India Limited IPO must contain at least 125 shares. Sentiment investors need to invest a minimum of 125 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹15,000

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Akme Fintrade India Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,090,0001,567,500
1,045,000    522,500		3,657,5007,865,000
Day 1 - 19-06-24 05:00 PM0.02 x5.15
4.33 x   6.80 x		4.18 x3.01 x
Day 2 - 20-06-24 05:00 PM0.17 x22.22
18.04 x   30.58 x		15.16 x11.63 x
Day 3 - 21-06-24 05:00 PM28.12 x129.17
121.56 x   144.40 x		42.98 x54.57 x
Total No. of Applications: 12,18,115 (Approx)

Akme Fintrade India Limited Valuations

EPS Pre IPO

₹3.87/-

EPS Post IPO

₹/-

P/E Pre IPO

P/E Post IPO

ROE

5.64%

ROCE

%

Debt/Equity

2.49

RoNW

5.81%

PAT Margin

22.93

Price to Book Value

Akme Fintrade India Limited Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2231-Mar-21
Assets390.50374.01455.40
Revenue69.5767.5086.79
Profit After Tax15.804.1216.31
Net Worth204.78136.84130.26
Reserves & Surplus173.11115.03108.45
Total Borrowing177.76230.06317.82

About The Company

Akme Fintrade India Ltd is a non-banking financial company (NBFC) with over 20 years of experience in lending to rural and semi-urban areas in India.

The company mainly provides lending solutions tailored to the needs and aspirations of rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.

The company operates in rural and semi-urban areas across four Indian states - Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. It has a registered office in Udaipur, Rajasthan, and a Corporate Office in Mumbai, Maharashtra. With 12 branches and over 25 points of presence, including digital and physical branches, it has served over 200,000 customers.

The company finances the purchase of new two-wheelers and three-wheelers, such as scooters, motorcycles, and auto rickshaws, for salaried professionals and self-employed non-professionals.

The company has 125 permanent employees as of December 31, 2023, and prioritizes their overall welfare.

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Akme Fintrade India Limited - Strength and Weakness

Strength

It’s a stable business with a proven lending model for vehicle and small business financing.

he company has a strong, dedicated, and experienced management team.

AKME Fintrade has a deep understanding and knowledge of the target audience and industry.

Weakness

A pandemic-like situation can affect the company's operational and financial performance.

It’s a capital-intensive business and requires a continuous supply of capital to operate.

Akme Fintrade India Limited - Promoter(s)

Pre Issue Share Holding: 56.01%

Post Issue Share Holding: N/A%

Company Promoter(s)
  1. Nirmal Kumar Jain
  2. Manju Devi Jain
  3. Dipesh Jain
  4. Nirmal Kumar Jain HUF

Akme Fintrade India Limited IPO - Issue Objectives

  1. The company proposes to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company to fulfil its future capital requirements, which are anticipated to arise as a result of the expansion of the business and assets. Further, a portion of the proceeds from the Issue will be used towards meeting Issue-related expenses.

Akme Fintrade India Limited IPO - Anchor Investors

Akme Fintrade collects Rs 38 crore from anchor investors.

The anchor investors who have been allocated shares are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikasa India EIF Fund 1

Other Details

Company Contact Details

Akme Fintrade India Limited

AKME Business Centre (ABC),4-5 Subcity Centre, Savina Circle opp, Krishi Upaz Mandi Udaipur,- 313002

Phone: +91- 294-2489501

Email: cs@aasaanloans.com

Website: https://aasaanloans.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Akme Fintrade India Limited IPO - FAQs

Ans. Akme Fintrade India Limited IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on Jun 19, 2024, and closes on Jun 21, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Akme Fintrade India Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.

Ans. The size of Akme Fintrade India Limited IPO is 11,000,000 shares(aggregating up to ₹132.00 Cr).

Ans. The IPO price band is set between ₹114-120 per equity share.

Ans. To apply for Akme Fintrade India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Akme Fintrade India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Akme Fintrade India Limited IPO is Jun 24, 2024.

Ans. The Akme Fintrade India Limited IPO will be listed on Jun 26, 2024.

Ans. Follow the steps to check the allotment status for Akme Fintrade India Limited IPO here.